Chile expected to keep rates on hold despite inflation surprise

Chile expected to keep rates on hold despite inflation surprise

Chile’s central bank is expected to keep its benchmark interest rate at 4% at its monetary policy meeting today, despite higher than expected inflation in March. The official inflation figure for March showed a 0.8% rise in prices month-on-month. Research from Credicorp Capital said the increase was primarily caused by a readjustment in annual education fees. The central bank cut rates 25bp last month. Minutes from last month’s meeting “showed that the board is somewhat more concerned about the